Phorm Corp up 23% after showing strong growth

Phorm Corp up 23% after showing strong growth

Technology company Phorm Corp (AIM:PHRM) is one of the biggest movers on the AIM this morning after announcing an unaudited operational and financial update showing further strong growth in the group’s revenues and key performance indicators. The company was up 23.54% in early hours of trading. 

Their average daily unique users have risen over 50%, from 12.5m in 2014 to 35.5m this year. Similarly, their revenue has increased exponentially, from £2m in 2014 to £29m this year.

Phorm is a global personalisation technology company that makes content and advertising more relevant to the consumer. Phorm’s innovative platform preserves user privacy and delivers a more interesting online experience.